Sheltered-at-home Park nostalgist
They just told their shareholders on their last earnings call to expect $280 million less in profit just this quarter from the park closures. Are they insured? i don't know, but even if they are they're losing $280 Million Dollars!
Keeping its Asian theme parks closed an estimated two months because of the Coronavirus outbreak could cost Disney $175 million, the company revealed Tuesday, as it released first-quarter earnings that showed its U.S. theme parks grew attendance by 2%.
Disney leaders said they expect a $135 million hit on second-quarter operating income from Shanghai Disney and $40 million from Hong Kong Disneyland, which both closed indefinitely last month.